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was a $28 million fund, and Jack committed a meaningful amount of his own capital. He leaned on all his

other business relationships to raise the fund. That $28 million fund allowed us (Austin Ventures) to go on

to raise nearly $4 billion over 10 funds. He was fundamental to the initial cornerstone of what became

Austin Ventures.”

Bill Wood, who joined Rust Ventures in 1984 and was a general partner at Austin Ventures, said Crosby

“had an unusual ability to identify promising entrepreneurs and then successfully partner with them in

their new ventures. Many of the folks in the Austin entrepreneurial ecosystem probably don’t realize the

significant role Jack played in the early days of Austin’s evolution.”

Wood, who is now founder and general partner at Austin-based Silverton Partners, added, “those of us

who have been around for a while, remember him well and fondly. He was a first class human being –

someone who was always gracious and caring in both his personal and professional life. He was the

consummate gentleman.”

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